If Jim earns x dollars per hour, it will take him 4 hours to earn exactly enough money to purchase a particular jacket. If Tom earns y dollars per hour, it will take him exactly 5 hours to earn enough money to purchase the same jacket. How much does the jacket cost?
(1) Tom makes 20% less per hour than Jim does.
(2) x + y = $43.75
Can someone please explain how to approach this problem?
OA is B
Expensive jacket - MGMAT
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- kvcpk
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Assume cost of jacket is C.paridhi wrote:If Jim earns x dollars per hour, it will take him 4 hours to earn exactly enough money to purchase a particular jacket. If Tom earns y dollars per hour, it will take him exactly 5 hours to earn enough money to purchase the same jacket. How much does the jacket cost?
(1) Tom makes 20% less per hour than Jim does.
(2) x + y = $43.75
Can someone please explain how to approach this problem?
OA is B
4*x = C
5*j = C
x =4j/5
No mention about price till now.
So INSUFFICIENT.
x+y = 43.75
c/4+c/5=43.75
c can be calculated.
SUFFICIENT.
pick A
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Assume cost of jacket is C.kvcpk wrote: If Jim earns x dollars per hour, it will take him 4 hours to earn exactly enough money to purchase a particular jacket. If Tom earns y dollars per hour, it will take him exactly 5 hours to earn enough money to purchase the same jacket. How much does the jacket cost?
(1) Tom makes 20% less per hour than Jim does.
(2) x + y = $43.75
Can someone please explain how to approach this problem?
OA is B
4*x = C
5*j = C
x =4j/5
No mention about price till now.
So INSUFFICIENT.
x+y = 43.75
c/4+c/5=43.75
c can be calculated.
SUFFICIENT.
pick A[/quote]
u mean pick B!
Preet
- kvcpk
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u mean pick B!singhpreet1 wrote:Assume cost of jacket is C.kvcpk wrote: If Jim earns x dollars per hour, it will take him 4 hours to earn exactly enough money to purchase a particular jacket. If Tom earns y dollars per hour, it will take him exactly 5 hours to earn enough money to purchase the same jacket. How much does the jacket cost?
(1) Tom makes 20% less per hour than Jim does.
(2) x + y = $43.75
Can someone please explain how to approach this problem?
OA is B
4*x = C
5*j = C
x =4j/5
No mention about price till now.
So INSUFFICIENT.
x+y = 43.75
c/4+c/5=43.75
c can be calculated.
SUFFICIENT.
pick A
Preet[/quote]
ya.. B. that was a typo
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what if i assume the jacket costs me $200. so Jim earns $50 an hour, while Tom earns $40 an hour, then A would be sufficient to answer the question as well, right??paridhi wrote:If Jim earns x dollars per hour, it will take him 4 hours to earn exactly enough money to purchase a particular jacket. If Tom earns y dollars per hour, it will take him exactly 5 hours to earn enough money to purchase the same jacket. How much does the jacket cost?
(1) Tom makes 20% less per hour than Jim does.
(2) x + y = $43.75
Can someone please explain how to approach this problem?
OA is B
i look forward to your inputs.
Preet
- kvcpk
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A says that Tom makes 20% less per hour than Jim does.singhpreet1 wrote: what if i assume the jacket costs me $200. so Jim earns $50 an hour, while Tom earns $40 an hour, then A would be sufficient to answer the question as well, right??
i look forward to your inputs.
Preet
Using only this information, will you be able to find the cost?? Using only percentages/ratios actual values can never be found.
As you say, when the cost of jacket is 200, we get Jim-50 and Tom-40. there is 20% difference.
Now take jacket cost to be 20, then Jim-5, Tom-4, Again difference is 20% only.
But we are getting 2 different costs of 200, 20 for jacket. Hence it is INSUFFICIENT.
Hope this helps!!
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need to be more attentive!! i think i need a break! thanks again.kvcpk wrote:A says that Tom makes 20% less per hour than Jim does.singhpreet1 wrote: what if i assume the jacket costs me $200. so Jim earns $50 an hour, while Tom earns $40 an hour, then A would be sufficient to answer the question as well, right??
i look forward to your inputs.
Preet
Using only this information, will you be able to find the cost?? Using only percentages/ratios actual values can never be found.
As you say, when the cost of jacket is 200, we get Jim-50 and Tom-40. there is 20% difference.
Now take jacket cost to be 20, then Jim-5, Tom-4, Again difference is 20% only.
But we are getting 2 different costs of 200, 20 for jacket. Hence it is INSUFFICIENT.
Hope this helps!!
Preet
- pradeepkaushal9518
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given in the question
jim = 4x
tom=5y
4x=5y
1
.tom makes 20 % less per hour than jim does
y=x-0.2x=0.8x
4x-5y=0
and y-0.8x=0
we can not solve hence not sufficeint
2. x+y=$43.75
4x-5y=0
soving for x we can get the price of jacket
hence sufficient
So answer is B
jim = 4x
tom=5y
4x=5y
1
.tom makes 20 % less per hour than jim does
y=x-0.2x=0.8x
4x-5y=0
and y-0.8x=0
we can not solve hence not sufficeint
2. x+y=$43.75
4x-5y=0
soving for x we can get the price of jacket
hence sufficient
So answer is B